Canada-based steel processor and distributor Nova Steel opened a third plant with a US$37 million investment in Ramos Arizpe, Coahuila state.

The third plant will provide 80 new jobs and have a production area of 16,000 square meters. The capacity of the previous two plants was 130,000 tons of steel products.

The company mainly produces components for the automotive, construction, mining, agriculture, transportation, and railway industries.